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Hittite Microwave Corporation Acquires License to IBM Millimeterwave Technology

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^{Published in Science and Technology on Monday, July 19th 2010 at 7:15 GMT by Market Wire}  

CHELMSFORD, Mass.--([ BUSINESS WIRE ])--Hittite Microwave Corporation (NASDAQ:HITT) today announced it has acquired a license from IBM (NYSE: IBM) to manufacture and market silicon IC millimeterwave transceivers developed by IBM. Also covered by the license are certain 57-64 GHz IC, package and antenna technology, as well as 71-76 GHz and 81-86 GHz IC intellectual property. Hittite will apply this advanced high frequency technology to markets that require highly integrated solutions. The company also entered into a Joint Development Agreement with IBM related to millimeterwave technology.

Financial terms of the transaction were not disclosed.

About Hittite Microwave Corporation

Hittite Microwave is an innovative designer and developer of high-performance integrated circuits, or ICs, modules, subsystems and instrumentation for technically demanding radio frequency, or RF, microwave and millimeterwave applications. Products include amplifiers, attenuators, broadband time delay, comparators, data converters, DC power conditioning, DC power management, dielectric resonator oscillators, filters-tunable, frequency dividers and detectors, frequency multipliers, high speed digital logic, interface, limiting amplifiers, mixers and converters, modulators and demodulators, mux/demux, oscillators, passives, phase lock loop (PLL), PLL with integrated VCOs, phase shifters, power detectors, sensors, switches, synthesizers, transimpedance amplifiers and variable gain amplifiers. Hittite's products are used in a variety of applications and end markets including automotive, broadband, cellular infrastructure, fiber optic, microwave and millimeterwave communications, military, space, and test and measurement. The company utilizes radio frequency integrated circuits (RFIC), monolithic microwave integrated circuits (MMIC), multi-chip modules (MCM) and microwave integrated circuit (MIC) technologies. The company is headquartered in Chelmsford, MA.